Senior Analyst, Power Settlements

3 weeks ago

Houston, Texas, United States Just Energy Full time
Job ID

Description

Job Title: Senior Analyst, Power Settlements

Location: Houston, Texas

Who is Just Energy?

Just Energy is a consumer company focused on essential needs, including electricity and natural gas, health, and well-being, such as water quality and filtration devices; and utility conservation, bringing energy efficient solutions and renewable energy options to consumers. Currently operating in the United States and Canada, Just Energy serves residential and commercial customers. As a Trusted Advisor, we're proud to provide homes and businesses with a broad range of solutions that deliver comfort, convenience, and control.

Job Summary:

This role reports to the Senior Manager, Power Settlements and leads processes related to power and environmental commodity settlements. Primary responsibility is to ensure all settlement activities related to accrual, actualization, reconciliation, and payment occur in a timely and accurate manner. Responsibilities include power gross margin calculation, analysis, and reporting. Requires coordination with departments including Supply, Risk, Treasury, Accounts Payable, Accounting and Finance to identify and resolve issues, assist with cash forecasting and variance analysis, and fulfill settlement obligations with ISOs and other counterparties.

Responsibilities:

  • Responsible for US (ERCOT) power market and environmental settlements reporting and publishing monthly gross margin reporting to Finance.
  • Review and approve all power and environmental invoices for payment.
  • Develop and maintain procedures to ensure all the RECs and ISO invoices are reconciled, processed, and paid on a timely manner.
  • Provide an in-depth analysis of variances between actual and expected gross margin.
  • Provide a detailed variance analysis between estimated and actual energy cost and provide feedback to Trading.
  • Work with Corporate Planning to ensure gross margin forecast accuracy.
  • Manage reporting and reconciliation of Renewable Energy Credits (RECs) and Carbon Credits.
  • Identify optimization and saving opportunities and bring transparency to the cost of power.
  • Interact with external counterparties to resolve discrepancies.
  • Interact with internal partners as required including Legal, Supply Team, Accounts Payable, Accounts Receivable, Treasury, and Finance.
  • Use actual settled data to provide feedback to the Structuring team and assist in the calibration of retail pricing models.
  • Work with other teams across the Company to implement and improve processes and systems supporting the activities above.
  • Support internal and external audit requests.
  • Work effectively and cooperatively in a team environment.

Qualifications and Educational Requirements:

  • Undergraduate degree in finance/accounting from an accredited college or university with at least 5 years of experience; Master's in accounting, Finance or Business Administration desired.
  • Experience in the power industry, including familiarity with ISOs; knowledge of ERCOT market preferred.
  • Ability to develop and manage remote teams.
  • Excellent Microsoft Office Suite skills
  • Working knowledge of ETRM/CTRM systems.
  • Business-oriented professional with strong intellect who can problem-solve and put processes into place.
  • Interact effectively with senior leadership and communicate effectively with business partners.
  • Detail oriented self-starter with strong analytical, critical thinking and communication skills who can effectively manage multiple assignments.
  • Ability to work independently.
  • Organized person who can plan and adjust to timing challenges of multiple deadlines.
  • Work in a team environment to achieve goals of the department and the company.
  • Light travel may be required.

Read the full posting.

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